There are countless economic indicators; and while the one that really matters is whether you, your family and neighbors have gainful employment, the men and women who regularly gauge the U.S. economy are pointing to new data this morning that indicates the American economy bounced back in the second quarter.
Gross domestic product expanded by an annual rate of 4 percent this past spring, jumping precipitously from the 2.1 percent decline in the first quarter. Economists had previously forecast the economy would grow at about 3 percent in the second quarter.
Gross domestic product measures good and serves produced across the economy.
A separate report out this morning shows that private employers added more than 200,000 jobs to the nation's payrolls last month. Employment growth has exceeded 200,000 jobs in each of the last five months.